Equities research analysts expect Silgan Holdings Inc. (NASDAQ:SLGN) to post sales of $972.12 million for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Silgan’s earnings. The lowest sales estimate is $946.00 million and the highest is $1.01 billion. Silgan reported sales of $805.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, January 30th.

On average, analysts expect that Silgan will report full year sales of $972.12 million for the current financial year, with estimates ranging from $4.04 billion to $4.10 billion. For the next year, analysts expect that the company will post sales of $4.30 billion per share, with estimates ranging from $4.15 billion to $4.50 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Silgan.

Silgan (NASDAQ:SLGN) last posted its quarterly earnings results on Wednesday, October 25th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by ($0.03). Silgan had a net margin of 5.71% and a return on equity of 49.79%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm posted $0.61 EPS. Silgan’s revenue was up 11.2% on a year-over-year basis.

A number of equities research analysts have issued reports on SLGN shares. BMO Capital Markets reissued a “buy” rating and set a $34.00 price target on shares of Silgan in a research report on Monday, September 18th. Zacks Investment Research downgraded Silgan from a “buy” rating to a “hold” rating in a research report on Tuesday. KeyCorp reaffirmed a “hold” rating on shares of Silgan in a research report on Thursday, October 12th. Bank of America downgraded Silgan from a “neutral” rating to an “underperform” rating in a research report on Tuesday. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Silgan in a research report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.00.

In other news, Director William C. Jennings sold 25,642 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $28.38, for a total value of $727,719.96. Following the completion of the sale, the director now owns 42,180 shares of the company’s stock, valued at $1,197,068.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 33.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of SLGN. Bank of Montreal Can boosted its position in shares of Silgan by 89.3% in the second quarter. Bank of Montreal Can now owns 3,916 shares of the industrial products company’s stock worth $124,000 after buying an additional 1,847 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Silgan in the second quarter worth about $140,000. Pacad Investment Ltd. lifted its stake in shares of Silgan by 15.6% in the second quarter. Pacad Investment Ltd. now owns 5,200 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 700 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Silgan in the third quarter worth about $167,000. Finally, Breton Hill Capital Ltd. acquired a new position in shares of Silgan in the third quarter worth about $218,000. 66.62% of the stock is owned by institutional investors.

Silgan (NASDAQ SLGN) traded down $0.08 during mid-day trading on Wednesday, reaching $29.50. The company’s stock had a trading volume of 429,058 shares, compared to its average volume of 656,700. Silgan has a 1 year low of $25.77 and a 1 year high of $32.50. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.73 and a current ratio of 1.26. The stock has a market capitalization of $3,250.00, a P/E ratio of 22.52, a PEG ratio of 1.56 and a beta of 0.51.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Thursday, November 30th. Silgan’s payout ratio is 27.48%.

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About Silgan

Silgan Holdings Inc is a holding company. The Company is a manufacturer of rigid packaging for consumer goods products. The Company operates in three business segments: metal containers, closures and plastic containers. Its metal container segment is engaged in the manufacture and sale of steel and aluminum containers for human and pet food and general line products.

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